Phrases with «refi boom»

The phrase "refi boom" refers to a period of time when many people are refinancing their loans. It usually happens when interest rates are low, and people take advantage of that to replace their existing loans with new ones at a lower interest rate. Full definition

Sentences with «refi boom»

  • As a result of the near historic - low current mortgage interest rates, America is already in the midst of a mini refi boom. (totalmortgage.com)
  • Because of the latest refi boom, lines for refinancing have backed up the street. (bdnationwidemortgage.com)
  • Appraisers, for instance, tend to be less busy when there are fewer home purchases taking place, so you could find that your refinance goes a little faster than it would during a purchase or refi boom. (themortgagereports.com)
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